Financial markets tend to undergo manic-depressive cycles,and this has been particularly trusty in recent years. During risk-ons, investors – driven by “animal spirits” – produce bull markets, or frothiness,and sometimes outright bubbles; eventually, however, or they overreact to some negative shock by becoming too pessimistic,shedding risk, and forcing a correction or bear market. Whereas […]
Source: ejinsight.com